Proficio Capital Partners LLC Purchases 7,758 Shares of RTX Corporation $RTX

Proficio Capital Partners LLC grew its position in shares of RTX Corporation (NYSE:RTXFree Report) by 213.6% during the second quarter, Holdings Channel reports. The fund owned 11,390 shares of the company’s stock after purchasing an additional 7,758 shares during the period. Proficio Capital Partners LLC’s holdings in RTX were worth $2,161,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pure Financial Advisors LLC boosted its position in shares of RTX by 5.4% during the second quarter. Pure Financial Advisors LLC now owns 44,222 shares of the company’s stock valued at $8,390,000 after purchasing an additional 2,261 shares in the last quarter. Corient Private Wealth LP bought a new position in RTX in the second quarter worth $290,297,000. Perennial Investment Advisors LLC raised its holdings in RTX by 12.2% in the second quarter. Perennial Investment Advisors LLC now owns 5,327 shares of the company’s stock worth $1,011,000 after purchasing an additional 581 shares in the last quarter. PointState Capital LP purchased a new position in RTX during the second quarter valued at $282,962,000. Finally, Ausdal Financial Partners Inc. boosted its holdings in shares of RTX by 12.5% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 28,360 shares of the company’s stock valued at $5,381,000 after buying an additional 3,149 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on RTX shares. Wells Fargo & Company upped their target price on shares of RTX from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Royal Bank Of Canada boosted their price objective on shares of RTX from $230.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Robert W. Baird set a $240.00 price objective on shares of RTX in a report on Friday, July 24th. TD Cowen lifted their target price on shares of RTX from $225.00 to $240.00 and gave the company a “buy” rating in a report on Monday, July 27th. Finally, UBS Group boosted their price target on RTX from $198.00 to $215.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, RTX has an average rating of “Moderate Buy” and a consensus target price of $228.59.

View Our Latest Stock Report on RTX

RTX Trading Up 0.8%

NYSE:RTX opened at $211.93 on Thursday. The stock has a market cap of $285.63 billion, a price-to-earnings ratio of 37.31, a PEG ratio of 2.50 and a beta of 0.29. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.47. The company’s 50 day moving average price is $205.11 and its 200-day moving average price is $195.73. RTX Corporation has a 52 week low of $150.61 and a 52 week high of $226.88.

RTX (NYSE:RTXGet Free Report) last released its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.23. RTX had a return on equity of 13.99% and a net margin of 8.28%.The business had revenue of $24.71 billion for the quarter, compared to analysts’ expectations of $22.89 billion. During the same period in the prior year, the firm posted $1.56 EPS. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. On average, equities research analysts forecast that RTX Corporation will post 7.22 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be given a dividend of $0.73 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.92 annualized dividend and a dividend yield of 1.4%. RTX’s dividend payout ratio (DPR) is 51.41%.

Insider Buying and Selling

In other news, insider Troy D. Brunk sold 8,557 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $210.29, for a total transaction of $1,799,451.53. Following the completion of the transaction, the insider directly owned 8,809 shares of the company’s stock, valued at $1,852,444.61. The trade was a 49.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ramsaran Maharajh sold 13,655 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the completion of the sale, the executive vice president owned 13,184 shares in the company, valued at $2,952,161.28. This represents a 50.88% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 29,222 shares of company stock worth $6,362,003. 0.10% of the stock is owned by corporate insiders.

More RTX News

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About RTX

(Free Report)

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.

Further Reading

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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